Guideline Value for Tajuddin Khan Street

Tajuddin Khan Street guideline value

The current guideline value of Tajuddin Khan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, with a land classification of Mixed Type - II.

How the guideline value of Tajuddin Khan Street has changed

The guideline value for Tajuddin Khan Street has seen several revisions over the years. In 2012, the value was set at Rs 7,000 per sq.ft. This figure decreased to Rs 4,690 per sq.ft in the 2017 revision, representing a decline of 33%. The value then increased significantly to Rs 7,000 per sq.ft in 2023, and further rose to Rs 7,700 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The jump from 2017 to 2023 was particularly notable, with a 49% increase in the value during that period.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, positioning Tajuddin Khan Street's 2024 figure above that median.

• Takkuddin Khan Street: Rs 7,700 per sq.ft (2024)
• Syed Noor Street: Rs 5,500 per sq.ft (2024)
• Syed Abdullah Street: Rs 5,500 per sq.ft (2024)
• Sydoji Street: Rs 6,600 per sq.ft (2024)
• Sydoji South Street: Rs 6,600 per sq.ft (2024)
• Sydoji Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Tajuddin Khan Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tajuddin Khan Street?

The Sub Registrar Office covering Tajuddin Khan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Triplicane

The guideline value is a crucial factor when registering property in Triplicane. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Tajuddin Khan Street?

The current guideline value of Tajuddin Khan Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,000 per sq.ft in 2012 to Rs 4,690 per sq.ft in 2017, then back to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024.

What is the land classification for Tajuddin Khan Street?

Tajuddin Khan Street is classified as Mixed Type - II, which indicates the nature of land use in the area.

Where can I find the Sub Registrar Office for Tajuddin Khan Street?

The Sub Registrar Office for Tajuddin Khan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used as a basis for determining the minimum registration value of a property. It ensures that the appropriate stamp duty and registration fees are collected during property transactions.